China
Korea's SK invests $334m in PE-backed e-Shang Redwood
Korean conglomerate SK Group has agreed to invest KRW372 billion ($334 million) in pan-Asian logistics player e-Shang Redwood (ESR), valuing the private equity-backed business at approximately $2.8 billion.
IDG co-leads round for China security software developer
IDG Capital and CASH Capital, the VC arm of the state-owned Chinese Academy of Sciences Holdings, has co-led a RMB100 million ($15 million) Series B round for Hansight, a Beijing-based cybersecurity company.
China-based English language learning app secures Series C
CMC Capital Partners and Wu Capital – a Beijing-based family office for Longfor Properties – have jointly led a Series B round of funding for Liulishuo, a language learning app powered by artificial intelligence (AI).
Chinese financial tech firm Qiancheng gets $30m
Qiancheng Technology, a Chinese financial technology company that provides micro-lending services, has raised a RMB200 million ($30 million) Series B round of funding from existing investors Tiantu Capital and U51.com, a VC-backed credit card management...
China's VC-backed DotC United raises $350m Series B
Chinese mobile app publisher and developer DotC United, which is backed by several VC investors, has raised a Series B round of funding worth $350 million.
Deal focus: CITIC Capital, 3i team up in auto services
CITIC Capital and 3i have together committed $265 million to Formel D with a view to helping the German auto testing and inspection business expand its footprint in Asia
China project funds: Cut to fit
Project funds have become popular in China on the back of increased demand for PE exposure from corporates and high net worth individuals. It remains to be seen if they have true staying power
Chinese self-driving car start-up Momenta raises $46m
Momenta, a Beijing-based start-up that develops road sensors and mapping software for self-driving cars, has raised a $46 million Series B round of funding led by NIO Capital, an investment unit of local electric-vehicle maker NIO.
IDG leads $50m round for China online pet store
IDG Capital has led a Series B round of funding worth $50 million for Epet.com, a Chinese e-commerce platform that sells pet-related food products and other services.
Chinese GP to buy Camtek's printed circuit board business
Chinese private equity firm Principle Capital has agreed to buy the printed circuit board (PCB) business of Israel-based semiconductor component manufacturer Camtek for $35 million.
China self-service karaoke booth operator raises $15m
Xingtang MiniKTV, a three-month-old Chinese start-up that operates self-service karaoke booths, has raised $15 million across three tranches of funding.
China smart convenience store operator raises $19m
Xiaomai, a Chinese cashier-free convenience store operator much like US-based Amazon Go, has secured RMB125 million ($19 million) in funding led by Aplus Fund and Chenshan Capital.
Bank sell-downs drive Asia credit opportunities – AVCJ Forum
As banks look to reduce their exposure to Asian non-performing loans (NPLs), private lenders that can offer more flexibility on terms are seeing increased opportunities for investment, industry professionals told the AVCJ Singapore Forum.
Deal focus: Naked Hub scales up for WeWork challenge
Asian co-working space operators Naked Hub and JustCo have decided to join forces to fend off competition from WeWork, a US-based sector leader now encroaching on the regional market. As a joint expansion program rolls out, pricing control will be a key...
IoT in Asia: Things to come
A number of political factors have positioned Asia Pacific to be a global leader in internet-of-things development. Investors must now navigate an unwieldy field of technologies, markets and social drivers
Yunfeng invests in China tourism services provider
Yunfeng Capital has invested in Beijing Davost Tourism & Cultural Creativity, a provider of resorts management and other support services to the Chinese tourism industry.
Shareholders approve $6.8b PE buyout of Belle International
Belle International, China’s largest women’s shoe retailer, is set to de-list from the Hong Kong Stock Exchange after shareholders approved a HK$53.1 billion ($6.8 billion) take-private offer from Hillhouse Capital and CDH Investments.
C-Bridge closes second China healthcare fund at $400m
C-Bridge, a Chinese private equity firm that concentrates on late-stage growth capital and buyout opportunities in the healthcare space, has closed its second fund at the hard cap of $400 million.
CITIC Capital, 3i acquire German auto services provider
China-focused GP CITIC Capital has teamed up with 3i Group to acquire Formel D - a German provider of vehicle testing and other support services to the auto industry - from private equity firm Deutsche Beteiligungs AG (DBAG).
China logistics platform Yimidida secures $44m Series B
CDH Investments has led a RMB300 million ($44 million) Series B round for Yimidida, a Shanghai-based logistics services platform that focuses on rural areas.
Texas County & District backs IDG's latest China VC fund
Texas County & District Retirement System (TCDRS) has committed $30 million to IDG Capital’s latest China venture capital fund – the first to be raised since the GP acquired the global investment business of International Data Group (IDG).
Singapore's GLP accepts $11.5b Hopu, Hillhouse-backed buyout offer
Singapore-listed warehouse operator Global Logistic Properties (GLP) has accepted a buyout offer from a consortium including Hopu Investment and Hillhouse Capital that values the company at S$15.9 billion ($11.5 billion).
China warehouse robot developer gets $60m Series B
Geek+, a Chinese manufacturer of robots for use in logistics and warehousing, has received $60 million in Series B funding led by Warburg Pincus. Several existing investors, including Volcanics Ventures, also participated.
US investors wary of Asia spin-outs - AVCJ Forum
Keeping up with the pace of change in Asian private equity – particularly in terms of people moves – is one of the biggest challenges for institutional investors based outside of the region.